Sprouts Farmers Market price target lowered to $75 from $108 at UBS

UBS lowered the firm’s price target on Sprouts Farmers Market (SFM) to $75 from $108 and keeps a Neutral rating on the shares. While the company is structurally stronger than pre-COVID, prior growth was fueled by a unique 2023-2025 tailwind — easy comparisons, trade-down dynamics, natural and organic demand, and strategic maturation — that has since given way to tougher comps, cost-of-living pressures, and slower population growth impacting recent performance, the analyst tells investors in a research note.